Intesa Sanpaolo (BIT:ISP)
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1 año : De May 2018 a May 2019
By Pietro Lombardi
Intesa Sanpaolo SpA's (ISP.MI) third-quarter net profit rose 28% on year, it said Tuesday, beating analysts expectations.
Net profit for the period was 833 million euros ($949 million) compared with EUR650 million a year earlier.
Operating income rose slightly on year to EUR4.27 billion.
Analysts had expected the Italian bank to report a net profit of EUR787 million for the quarter, according to a consensus forecast provided by FactSet.
Shares in Intesa and other Italian banks have been under pressure recently, as concerns over the country's budget have driven up the BTP-Bund spread.
Intesa's pro-forma fully-loaded common equity Tier 1 ratio, a key measure of capital strength, rose to 13.7% at the end of September from 13.6% in June.
Write to Pietro Lombardi at email@example.com
(END) Dow Jones Newswires
November 06, 2018 07:35 ET (12:35 GMT)
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